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Price Analysis: Aave, SNX, and LINK Enjoy the Bullish Ride

Highlights

    Aave leads market gainers with 14% profits

    SNX strides towards 11% 24-hour gains

    ERD joins list of top gainers at 9%

    Crypto markets resurrecting from weekend losses.

The crypto market is constantly looking to find a balance point as Bitcoin retraces back to the sub $11,000 area. Many altcoins are busy taking sides with the bulls while making impressive gains in the process.

Major altcoins, however, are not seen to have performed more brilliantly as relatively less important ones take the stage.

Today’s categories of top market performers enlist coins with notable price movements. This classification of coins brings to limelight how various coins are trending with the flow of the market and which ones are likely to continue and for how long…

Aave (LEND 14% Gain):

LEND falls out of grace In order of top coins by market capitalization but comes first on our list of top gainers today with around 14% gain. 

The coin progressed largely for the first time this week and occurs to be striding forward for additional profits in the future. 

With about 90% market positiveness, LEND is likely to wipe out the $0.5 level quicker than expected. 

Now, LEND is trading against USD at $0.33 having lost about 7500% since last year. It’s market cap has increased to around $414 million while weekly gains hover around 21.7%.

Synthetix Network (SNX 10.97% Gain):

SNX comes second on today’s list of gainers with an 10.97% gain.

This important cryptocurrency has a relatively decent market opinion with around 80% of market respondents staying positive about SNX.

Within the last year, the coin is up 1400% while the one month timeframe looks bullish at 64.4%. Within the last two weeks, SNX gained around 22.3% but has lost 0.4% in the last hour.

SNX is currently changing hands at $4.11 with additional upside feasible in the short term.

Elrond (ERD 8.3% Gain)

Elrond comes third place on today’s list with a decent 8.3% gain in the last 24 hours.

The coin’s market opinion is entirely bullish with 97% of market respondents selecting for a bullish distance into the ripe of the trading day. 

The price record of Elrond within the last one year looks impressive. Since last year till date, ERD has gained 671% and about 240% since last month. 56.4% in the last two weeks and 1.0% in the last hour. 

ERD is currently trading at $0.021 amid a 24-hour market capitalization of $289 million. Within several exchanges, more than $163 million ERD was exchanged in the last 24 hours.

In conclusion, these coins are leading the top performers in the 24-hour timeframe with further bullish momentum in line. Aave, particularly, may have to gain more in the short term for the top gainer to balance up its profit and loss account before further rice movement is made.

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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